Following in the footsteps of United Airlines and American Airlines, Continental Airlines yesterday became the latest US carrier to announce a major downsizing, revealing plans to retire 67 737s, lower 2008 fourth-quarter mainline domestic capacity by 11% and reduce its workforce by 3,000.
In a message to employees, Chairman and CEO Larry Kellner and President Jeff Smisek said, "The airline industry is in a crisis. Its business model doesn't work with the current price of fuel and the ...

Not surprisingly, my latest blog on “Sully” Sullenberger’s AAAA videos campaigning against US ATM reform ignited a strong response from readers. Perhaps the only surprise is that many of the responses in my emails were highly supportive....More

Australian flag carrier Qantas and Dallas/Fort Worth-based American Airlines are preparing to file another application for antitrust immunity (ATI) after a previous rebuff by US regulators, and Qantas is optimistic that this time it will be granted....More